Fading Recession
Yep, according to the NBER (National Bureau of Economic Research), I just got a Google alert that it’s officially over. The announcement rules out any possibility for a “double-dip” (I like double dipping), but then it states that a new downturn would be considered a new recession (sounds like they already know it’s here).
I’m glad to see that recession has gotten people so bored that they have time for semantics. I think they are trying to get their names in history books by being the pioneers at naming recessions.
If the economic recovery is sluggish and unemployment is at 9.6% and is not coming down, are we in fact out of the recession? Not sure that the definition for recession from the scholars matches the one of everyday Americans, with or without higher education, struggling to eat at the end of the month.
About me
So the government will have to come up with a new term when we repeat the same mistakes? Yet just saying it will make it come true? Probably not but all they doing is giving hope to the public to turn things around.
Hope floats! Just keep on tricking people into believing everything is peachy.
And now Olbermann is halted by MSNBC for political presents. But it surely is almost xmass, and that for only $5K
Excellent read, I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him smile So let me rephrase that: Thanks for lunch!
@Valentine: glad I could get someone a free lunch! lol